Bitcoin's price experienced a notable increase, climbing past $67k, following a period marked by significant market liquidations amounting to $273 million. The resurgence comes after Bitcoin fell to a 24-hour low of approximately $65k.
The price rally occurred shortly before anticipated high-impact news expected to influence the market in the upcoming weeks. This movement has been observed during the early European trading session.
The market's volatility has been highlighted, suggesting potential further fluctuations as traders and investors anticipate upcoming news.